Uno Minda targets Rs 40,000 crore revenue by FY30 as it pushes into EV systems
The Indian auto parts maker plans to nearly double revenue by FY30 through EV powertrains, seating, sunroofs and electronics, according to Moody's.
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what happened
Indian auto component maker Uno Minda aims to almost double its revenue to Rs 40,000 crore by financial year 2030. The company is betting on electric vehicle powertrains, complete seating systems, sunroofs and advanced electronics to drive that growth, Moody's reported.
According to media reports, the company's revenue was around Rs 19,700 crore in FY26. Uno Minda is widening its product range and manufacturing capacity as automakers step up spending on electrification, technology and premium features. For FY27 it has outlined capital expenditure of about Rs 1,750 crore, covering growth projects and maintenance of existing operations.
Analysts say the pace of expansion will depend on utilisation of new plants, customer demand, project execution and the company's ability to contain rising input and labour costs.
why it matters
The story points to a broader shift in India's auto component sector, where suppliers are trying to raise the value of parts per vehicle rather than rely only on production volumes. Capital-heavy expansion can weigh on margins before new facilities reach planned utilisation, so investors will watch project execution closely.
market impact
Indian auto parts: EV shift lifts supplier revenue potential, but heavy capex may pressure margins
tags
instruments
sources
- Uno Minda Targets Rs 40,000 Cr Revenue By FY30 On EV Push — Moody's, 24 October 2026 at 06:07 UTC
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